Hermsdorf became an important location for the porcelain industry in the early 20th century. After several plans failed, the municipality organised the construction of this building to fight the housing shortage. The building permit was granted on May 21st, 1926. The building was finished in January 1927 at latest.
From 1952 the building was completely disfigured by alterations. The roof terraces of the second floor were overbuilt to creat larger like on the first floor. The facade was straightened on both main sides, so that the balconies became interior spaces, and a gable roof was added to the house. The colour concept was not pursued further. In the meantime, the block is almost completely empty and looks neglected.
On this website in German you can find many historical pictures. Hard to believe that it is the same building.